Bloomberg Botswana’s main opposition party and the breakaway party of former president Ian Khama are challenging the results of voting in 19 constituencies, a move that could result in the country’s electoral commission calling fresh elections in those districts. The Umbrella for Democratic Change has filed petitions with the High Court in 16 districts, while Khama’s Botswana Patriotic Front is ...

Bloomberg A four-day-old coalition government led by the Bharatiya Janata Party (BJP) collapsed in the western Indian state of Maharashtra after it failed to muster a majority. Chief Minister Devendra Fadnavis announced his intention to resign at a press conference in Mumbai, the state’s capital, which is also home to India’s benchmark stock exchange and leading conglomerates, Reliance Industries Ltd ...

Bloomberg It’s starting to feel like dominoes. One by one, countries across Latin America are succumbing to unrest. It doesn’t matter if governments are from the left or right. People are tired of austerity, with some countries suffering years of stagnant economic growth and fed up with graft. The latest to face mass protests is Colombia. Perhaps having seen what ...

Bloomberg Ukrainian president Volodymyr Zelenskiy faced months of US pressure to drum up a very particular corruption investigation. Zelenskiy repeatedly responded vaguely, to the clear frustration of President Donald Trump’s circle, that he is committed to investigating corruption. Zelenskiy’s efforts to retool his country’s law enforcement are now taking form, with Ukrainians watching whether the latest anti-corruption drive will fare ...

Europe’s steel industry is in crisis again and there’s no shortage of reasons for all the financial losses and job cuts. Stagnating demand, surplus production capacity, higher iron ore prices and a surge in imports caused by trade conflicts are just some of them. But when Tata Steel Ltd. announced 3,000 job losses at its European arm this week, the ...

America’s corporate economy has long been divided between a taxed, for-profit sector and a non-taxed, not-for-profit sector. This division has significant implications for tax policy: To wit, if the wealth gained from for-profits is penalised, the non-profit sector will also suffer. Consider the wealth taxes that have been proposed by Elizabeth Warren and Bernie Sanders. Even an apparently modest annual ...

Novartis AG’s latest biotech bolt-on requires a big leap of faith. The Swiss drugmaker’s $9.7 billion deal to buy Medicines Co. pays the US cardiovascular specialist’s shareholders a huge chunk of the potential gains to be had from its novel treatment for lowering bad cholesterol. Investors will have to console themselves that Novartis is big enough to absorb the cost ...

London first banned Uber under its buccaneer of a founding chief executive officer, Travis Kalanick — and now for a second time under Kalanick’s successor, Dara Khosrowshahi, who was meant to be the adult in the room. Though the ban won’t be a popular decision among Londoners and many will call it disproportionate, it shows Uber Technologies Inc. has more ...

The number of new international students at US universities fell for the fourth academic year in a row in 2018-2019. But only by a little bit (the new-student number was 0.9% lower than the previous year’s). These data, released by the Institute of International Education, shed a little more light on the question whether the policies and rhetoric of President ...

Australia is edging closer to needing a dose of extra stimulus if it’s to retain its status as the magical land where recessions don’t happen. That juice may take the form of quantitative easing — a once-unthinkable step for a country with a historical preference for budget surpluses and an economy that’s expanded continuously for 28 years. After four quarters ...